China: Market for Lauric Acid And Other Acids, Their Salts And Esters 2025

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in China

In 2021, after two years of decline, there was significant growth in the Chinese market for lauric acid and other acids, their salts and esters, when its value increased by 8.9% to $X. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.0% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Lauric Acid And Other Acids, Their Salts And Esters in China

In value terms, production of lauric acid and other acids, their salts and esters reached $X in 2021 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.9% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by 38%. Production of peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports from China

In 2021, the amount of lauric acid and other acids, their salts and esters exported from China totaled X tons, growing by 9.6% on the previous year. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 37%. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of lauric acid and other acids, their salts and esters surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2018 with an increase of 58% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for exports of lauric acid and other acids, their salts and esters from China, with a 42% share of total exports. Moreover, exports of lauric acid and other acids, their salts and esters to India exceeded the volume sent to the second major destination, Japan (X tons), fivefold. The third position in this ranking was taken by South Korea (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.3% per year) and South Korea (+21.6% per year).

In value terms, India ($X) remains the key foreign market for lauric acid and other acids, their salts and esters exports from China, comprising 30% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.5% share of total exports. It was followed by Germany, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to India totaled +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+14.3% per year) and Germany (+15.5% per year).

Export Prices by Country

In 2021, the average export price for lauric acid and other acids, their salts and esters amounted to $X per ton, picking up by 5.6% against the previous year. Overall, the export price, however, saw a pronounced downturn. The growth pace was the most rapid in 2018 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into China

In 2021, the amount of lauric acid and other acids, their salts and esters imported into China skyrocketed to X tons, with an increase of 24% compared with 2020 figures. In general, imports saw a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 35%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters soared to $X in 2021. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Japan (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to China, together accounting for 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +22.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lauric acid and other acids, their salts and esters suppliers to China were Malaysia ($X), Japan ($X) and Indonesia ($X), with a combined 58% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +25.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, surging by 41% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :